Sec Form 4 Filing - Foundation Capital Management Co. VI, LLC @ Sunrun Inc. - 2017-08-24

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Foundation Capital Management Co. VI, LLC
2. Issuer Name and Ticker or Trading Symbol
Sunrun Inc. [ RUN]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
_____ Officer (give title below) X __ Other (specify below)
Former 10% owner
(Last) (First) (Middle)
250 MIDDLEFIELD ROAD
3. Date of Earliest Transaction (MM/DD/YY)
08/24/2017
(Street)
MENLO PARK, CA94025
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/24/2017 J( 1 ) 1,100,000 D $ 0 9,741,468 I By Foundation Capital VI, L.P. ( 2 )
Common Stock 08/24/2017 J( 2 ) 283,250 A $ 0 283,250 I By Foundation Capital Management Co. VI, L.L.C. ( 2 )
Common Stock 08/24/2017 J( 3 ) 283,250 D $ 0 0 I By Foundation Capital Management Co. VI, L.L.C. ( 2 )
Common Stock 53,492 I By Elmore Family Investments B, LP ( 2 ) ( 4 )
Common Stock 13,656 I By The Holland Childrens Trust ( 2 ) ( 5 )
Common Stock 59,989 I By Holland/Yates Family Trust dtd 7/23/1999 ( 2 ) ( 6 )
Common Stock 21,879 I By Koontz Revocable Trust U/A/D 6/29/1998 ( 2 ) ( 7 )
Common Stock 43,561 I By Michael N. & Mary G. Schuh 1990 Family Trust ( 2 ) ( 8 )
Common Stock 104,169 I By Warren M. Weiss Trust UA dated 7/20/2005 ( 2 ) ( 9 )
Common Stock 17,418 I By Ally L. Weiss GST Exempt Trust ( 2 ) ( 10 )
Common Stock 17,418 I By Shane T. Weiss GST Exempt Trust ( 2 ) ( 11 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Foundation Capital Management Co. VI, LLC
250 MIDDLEFIELD ROAD
MENLO PARK, CA94025
Former 10% owner
Foundation Capital VI Principals Fund, LLC
250 MIDDLEFIELD ROAD
MENLO PARK, CA94025
Former 10% owner
FOUNDATION CAPITAL VI LP
250 MIDDLEFIELD ROAD
MENLO PARK, CA94025
Former 10% owner
Foundation Capital, LLC
250 MIDDLEFIELD ROAD
MENLO PARK, CA94025
Former 10% owner
ELMORE WILLIAM B
250 MIDDLEFIELD ROAD
MENLO PARK, CA94025
Former 10% owner
HOLLAND PAUL R
250 MIDDLEFIELD ROAD
MENLO PARK, CA94025
Former 10% owner
KOONTZ PAUL G
250 MIDDLEFIELD ROAD
MENLO PARK, CA94025
Former 10% owner
Moldow Charles
250 MIDDLEFIELD ROAD
MENLO PARK, CA94025
Former 10% owner
SCHUH MICHAEL N
250 MIDDLEFIELD ROAD
MENLO PARK, CA94025
Former 10% owner
Weiss Warren M
250 MIDDLEFIELD ROAD
MENLO PARK, CA94025
Former 10% owner
Signatures
/s/ David Singer as Attorney-In-Fact for Foundation Capital Management Co. VI, L.L.C. 08/25/2017
Signature of Reporting Person Date
/s/ David Singer as Attorney-In-Fact for Foundation Capital VI Principals Fund, L.L.C. 08/25/2017
Signature of Reporting Person Date
/s/ David Singer as Attorney-In-Fact for Foundation Capital VI, L.P. 08/25/2017
Signature of Reporting Person Date
/s/ David Singer as Attorney-in-Fact for Foundation Capital, LLC 08/25/2017
Signature of Reporting Person Date
/s/ David Singer as Attorney-in-Fact for William B. Elmore 08/25/2017
Signature of Reporting Person Date
/s/ David Singer as Attorney-in-Fact for Paul R. Holland 08/25/2017
Signature of Reporting Person Date
/s/ David Singer as Attorney-in-Fact for Paul G. Koontz 08/25/2017
Signature of Reporting Person Date
/s/ David Singer as Attorney-in-Fact for Charles Moldow 08/25/2017
Signature of Reporting Person Date
/s/ David Singer as Attorney-in-Fact for Michael N. Schuh 08/25/2017
Signature of Reporting Person Date
/s/ David Singer as Attorney-in-Fact for Warren M. Weiss 08/25/2017
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents a pro-rata in-kind distribution of Common Stock of the Issuer by Foundation Capital VI, L.P. effected following the close of the trading market on August 24, 2017 without consideration to its limited partners and its general partner, Foundation Capital Management Co. VI, L.L.C. Transaction pursuant to a 10b5-1 Plan dated May 31, 2016.
( 2 )Foundation Capital Management Co. VI, L.L.C. ("FCM VI") is the sole general partner and manager of Foundation Capital VI, L.P. and Foundation Capital VI Principals Fund, LLC, respectively, and has sole voting and investment power with respect to the shares held by Foundation Capital VI, L.P. and Foundation Capital VI Principals Fund, LLC. William B. Elmore, Paul G. Koontz, Michael N. Schuh, Paul R. Holland, Steve P. Vassallo, Charles P. Moldow and Warren M. Weiss are managing members of FCM VI, and may be deemed to share voting and investment power over the shares owned by Foundation Capital VI, L.P. and Foundation Capital VI Principals Fund, LLC. Each of the managing members disclaims beneficial ownership in the shares held by the aforementioned entities except to the extent of his pecuniary interest therein. Mr. Vassallo is a member of the Board of Directors of the Issuer and, accordingly, files separate Section 16 reports.
( 3 )Represents a pro-rata in-kind distribution of Common Stock of the Issuer by Foundation Capital Management Co. VI, L.L.C. effected following the close of the trading market on August 24, 2017 without consideration to its members. Transaction pursuant to a 10b5-1 Plan dated May 31, 2016.
( 4 )The shares are held by Elmore Family Investments B, LP (the "Elmore Partnership"). William B. Elmore is a general partner of the Elmore Partnership. The Reporting Person disclaims beneficial ownership of the shares held by the Elmore Partnership except to the extent of his proportionate pecuniary interest therein.
( 5 )The shares are held by The Holland Children's Trust (the "Holland Children's Trust"). Paul R. Holland is a trustee of the Holland Children's Trust. The Reporting Person disclaims beneficial ownership of the shares held by the Holland Children's Trust except to the extent of his proportionate pecuniary interest therein.
( 6 )The shares are held by the Holland/Yates Family Trust dtd 7/23/1999 (the "Holland Family Trust"). Paul R. Holland is a trustee of the Holland Family Trust. The Reporting Person disclaims beneficial ownership of the shares held by the Holland Family Trust except to the extent of his proportionate pecuniary interest therein.
( 7 )The shares are held by the Koontz Revocable Trust U/A/D 6/29/1998 (the "Koontz Trust"). Paul G. Koontz is a trustee of the Koontz Trust. The Reporting Person disclaims beneficial ownership of the shares held by the Koontz Trust except to the extent of his proportionate pecuniary interest therein.
( 8 )The shares are held by the Michael N. & Mary G. Schuh 1990 Family Trust (the "Schuh Trust"). Michael N. Schuh is a trustee of the Schuh Trust. The Reporting Person disclaims beneficial ownership of the shares held by the Schuh Trust except to the extent of his proportionate pecuniary interest therein.
( 9 )The shares are held by The Warren M. Weiss Trust UA dated 7/20/2005 (the "Weiss Trust"). Warren M. Weiss is a trustee of the Weiss Trust. The Reporting Person disclaims beneficial ownership of the shares held by the Weiss Trust except to the extent of his proportionate pecuniary interest therein.
( 10 )The shares are held by the ALLY L. WEISS GST EXEMPT TRUST (the "ALLY Trust"), a trust controlled by or for the benefit of one or more of Warren M. Weiss' family members. The Reporting Person disclaims beneficial ownership of the shares held by the ALLY Trust except to the extent of his proportionate pecuniary interest therein.
( 11 )The shares are held by the SHANE T. WEISS GST EXEMPT TRUST (the "SHANE Trust"), a trust controlled by or for the benefit of one or more of Warren M. Weiss' family members. The Reporting Person disclaims beneficial ownership of the shares held by the SHANE Trust except to the extent of his proportionate pecuniary interest therein.

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